Africa-Press – Mauritius. The positive performance of the wholesale and retail trade sector was at the forefront of the speech of the Minister of Finance, Economic Planning and Development, Dr Renganaden Padayachy, at the end of year dinner of the General Retailers Association, held in FloreĢal on 29 November 2023.
According to Dr Padayachy, the sectoral real growth rate of the wholesale and retail trade was expected to grow by 3.5% in 2023, following an increase of 3% in 2022.
He averred that the forecast of Gross Value Added (GVA) at current basic prices for the sector, which was at Rs 54,750 million in 2022, would reach Rs 60,657 million for 2023.
The Finance Minister also dwelt on the Gross Domestic Product (GDP) growth rate for 2023. He affirmed that this rate would probably stand at 6.8%, compared to a growth of 5.3% forecasted in June 2023, reflecting the clear improvement in the Mauritian economy.
Moreover, Dr Padayachy welcomed the rise in investment rate to 22 % in 2023, compared to 19.7% in 2022. Hence, while private investment rate would be 16.8% higher than the growth of 15.8% in 2022, public investment rate would increase to 5.1% in 2023 from 3.9% in 2022.
For More News And Analysis About Mauritius Follow Africa-Press
